Norway · Delayed Price · Currency is NOK Itera ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw resilient performance in a soft IT market, with 1% revenue growth and strong cash flow. Cloud and Application Services drove 70% growth, while operational improvements are expected to boost margins in 2026. Dividend and share repurchase programs continue.
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Q3 2025 saw 7% revenue growth and a 3.8% EBIT margin, driven by higher utilization and operational improvements. Cloud and application services grew 29% in Q3, while new customer revenue share reached 13%. Cash flow and share price declined, but future growth is expected from AI and regional expansion.
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Q2 revenue declined 9% year-over-year to NOK 202.9 million, but operational cash flow remained strong. New customer revenue hit a record 18%, and strategic initiatives in AI, cloud, defense, and Ukraine are expected to drive future growth.
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Revenue grew 1% year-over-year to NOK 232 million, with EBIT margin improving to 9.1% and operational cash flow rising. Growth was driven by improved utilization, new customer wins, and expansion in AI, cloud, and Ukraine-related offerings.
Fiscal Year 2024
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Revenue declined 4% in Q4, but strong order intake and improved pipeline visibility signal a positive outlook. Dividend payouts remain robust, and new service offerings, especially in Ukraine, are expected to drive future growth.
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Revenue declined 5% year-over-year in Q3 due to lower consultant utilization, but two major contracts and a key customer win-back signal improving prospects. EBITDA margin fell, yet cash conversion remains strong, and a supplementary dividend will be paid.
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Flat growth and improved margins in Q2, with strong cash generation and continued dividend payments. Market signals suggest a return to growth in 2025, driven by cloud and AI demand, while Ukraine-related initiatives provide both business opportunities and recognition.